How to Trade Bitcoin: 10 Tips For Learning About Bitcoin Trading 2022

1 year ago
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Bitcoin is the most popular instrument among traders dealing in the cryptocurrency market.

Since its first appearance in 2009 it has experienced exponential growth and, whilst its millionaire-making heyday is thought to have passed, it remains the most commonly traded digital asset and holds significant profit potential for savvy investors.

However, bitcoin trading needs to be approached with caution as significant risks are involved.

As a decentralised market, it is highly speculative. Unlike currencies traded on the foreign exchange markets, where values are influenced by centralised governments, economic activity and global events, the value of bitcoin, and all other cryptocurrencies, is largely determined by supply and demand.

This volatility, along with the security issues that accompany digital assets, makes risk management the single most important factor in a bitcoin trading strategy.

The following bitcoin trading tips have been compiled to help you navigate the cryptocurrency market and mitigate your risk.

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